Monday, 9 March 2015

NPCI links 15 crore bank accounts with Aadhaar number

MUMBAI, MARCH 9:

National Payments Corporation of India (NPCI), the umbrella organisation for all retail payment system in India, has successfully linked 15 crore bank accounts with Aadhaar number.

It is expected that soon the beneficiaries of all types of government subsidiaries/benefit transfers will be brought under the linkage programme. “The current focus is on linking the bank accounts of 17 crore DBTL (direct benefit transfer) beneficiaries with Aadhaar numbers, latest by June 30, 2015,” NPCI said in a statement.

“Such a framework of electronic benefit transfer would not only be unique but also be one of the largest in the world,” said A P Hota, MD & CEO, NPCI.

The extent of leakage prevented due to this unique system would be visible on completion of running the scheme for about a year, he added.